Q: What is the Fee charged for the Product?
A: Under this scheme, the advisory fee is 1.50% per annum, charged in advance for one year. The initial advisory fee is based on the client’s total capital contribution (initial investment). At the time of the next annual fee cycle (on the account anniversary date), the capital base will be reset to the current portfolio value, which will then serve as the basis for fee calculation in the subsequent year.
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Q: How is the advisory fee calculated for top-ups (Additional Investment)?
A: Aggregate value of Top-ups crossing the ₹1 lakh threshold will be charged an advisory fee of 1.50% per annum, calculated on a pro-rata basis from the date of the top-up to the client's account anniversary date.
Q: Is advisory fee refunded if I withdraw part of my investment?
A: In case of partial withdrawals, the advance fee will be refunded on a pro-rata basis (from the date of withdrawal to the account anniversary) only if the withdrawn amount is part of the original capital on which the fee was charged. Example 1: If ...
Q: Will withdrawals affect the advisory fee?
A: Yes. At each anniversary date, the capital base is reset after accounting for any withdrawals. The fee for the next cycle is based on the net portfolio value.
Q: How is the advisory fee calculated initially?
A: The initial advisory fee is calculated based on the client’s total capital contribution (initial investment). • Initial Investment: ₹5,00,000 • Advance Annual Advisory Fee: ₹7,500 (excluding GST) • Calculation: ₹5,00,000 × 1.50% = ₹7,500 + 18% GST ...
Q: Who can invest in this product?
A: Any resident individual or corporate, subject to risk profiling and suitability can invest in this product. NRIs can also invest in this product, provided you have an active Broking NRI account.